Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, a newly revealed wallet exploit raised fresh security concerns, Binance saw $1.23 billion leave the exchange in a week as Ethereum withdrawals hit a three-year high and Vitalik Buterin mapped out Ethereum's next major evolution with a focus on quantum resistance.

Thousands of crypto wallets are at risk of being drained due to the use of weaker-than-intended recovery phrases, an exploit that Blockchain security research firm Coinspect has dubbed “Ill Bloom.”

The wallets at risk span Bitcoin, Ethereum, Polygon, Rootstock, Tron and Solana, Coinspect said in a disclosure on Sunday, with the issue related to weak randomness — an insecure pseudorandom number generator — used during recovery phrase generation on certain software wallets. 

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